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Working Paper | Social Security “Catch-Up” contributions would allow workers to contribute an additional 3.1 percent of salary, starting at age 50, in return for enhanced benefits. The program would modestly reduce defacto elderly poverty and reduce the Social Security shortfall in the short run and be approximately actuarially neutral over 75 years.

Book Review | Warmth: Coming of Age at the End of Our World, Daniel Sherrell

 

The subject of Warmth, written by a 26-year-old as a letter to his unborn child, is the climate crisis. But the climate crisis is never referred to by name. Instead, it is called “The Problem.” And though The Problem animates the book, Warmth is also a memoir—a book about memory, justice, and the future.

The economy-climate interaction and an appropriate mitigation policy for climate protection have been treated in various types of scientific modeling. This paper proposes a modeling strategy that attempts to answer three questions: First, what are the best strategies to keep the CO2 emission bounded by a predefined upper bound? Second, how can climate policies be scaled up and what resources should be allocated to mitigation and adaptation efforts? And third, how can mitigation and adaptation efforts be funded?

Working Paper—This paper assesses the effects of dominant currency shocks (strong US dollar) on emerging markets by studying exchange market pressure (EMP) or foreign exchange (FX) liquidity, GDP growth, external debt, and inflation.

This paper highlights the role of credit performance in shaping economic performance and sheds new light on both the Brazilian boom in the 2000s and the economic contraction since 2015. Its results suggest that an active stance on public credit would have been instrumental in speeding up the economic recovery.

The green bond market is emerging as an impactful financing mechanism in climate change mitigation efforts. The effectiveness of the financial market for this transition to a low-carbon economy depends on attracting investors and removing financial market roadblocks.

Course—During the global pandemic nations made tradeoffs, or believed that tradeoffs had to be made, between health and wealth. This course uses the COVID-19 pandemic as a case study to teach economic policy analysis and will help students learn the theoretical, institutional, and technical issues needed for effective economic policy research and advocacy.

Research Note— SCEPA's research finds that a significant part of the retirement boom consists of those we would otherwise expect to be working, given their employment a year earlier.